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The Master’s degree programme in finance is a comprehensive, research-based university education in finance with a strong focus on developing quantitative and analytical skills relevant to the financial industry. The programme introduces the students to state-of-the-art theoretical and empirical models of financial decision-making, asset and derivative pricing, financial institutions and intermediaries, and corporate finance.
Financial theory and asset pricing Students will obtain a strong foundation in standard financial theory and learn how to apply both theoretical and empirical models to analyse financial assets such as stocks, bonds and derivatives, as well as real assets such as investment projects within the firm. The objective is to equip the students with the ability to demine the fair prices of financial and real assets using relevant asset pricing models, identify the risk premia required by investors for bearing risk and discuss their sources, and characterise how investors and financial institutions trade off risk and return when forming optimal portfolios.
Financial institutions Students are introduced to the different players in financial markets today and study their role in setting prices and allocating capital. Asset managers and intermediaries are central to the financial system. They provide liquidity to market participants, facilitate financial transactions and risk-sharing and help ensure an optimal capital allocation between financial institutions, firms and households. The students will learn about asset management in financial institutions and discuss the role, impact and importance of asset managers and intermediaries for the financial system.
Analytical and quantitative skills Students will be trained in relevant econometric methods needed to carry out empirical studies and implement both theoretical and empirical models in finance using real-world financial data. Being able to handle and work with data is becoming an essential and highly valued skill, and the use of real-world data is thus a natural component of many courses on the programme and used in exercises, exams and written projects. The use of programming languages is widely adopted in the industry as well, and the use of programming languages is therefore integrated into courses and exams when relevant. Careers Upon graduation, students can take up positions in banks, investment companies, pension companies, regulatory bodies, consultancy firms, fintech and finance departments in non-financial companies.
The degree programme also provides an excellent basis for a subsequent PhD programme.
Programme overview
Main Subject
Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
The Master’s degree programme in finance is a comprehensive, research-based university education in finance with a strong focus on developing quantitative and analytical skills relevant to the financial industry. The programme introduces the students to state-of-the-art theoretical and empirical models of financial decision-making, asset and derivative pricing, financial institutions and intermediaries, and corporate finance.
Financial theory and asset pricing Students will obtain a strong foundation in standard financial theory and learn how to apply both theoretical and empirical models to analyse financial assets such as stocks, bonds and derivatives, as well as real assets such as investment projects within the firm. The objective is to equip the students with the ability to demine the fair prices of financial and real assets using relevant asset pricing models, identify the risk premia required by investors for bearing risk and discuss their sources, and characterise how investors and financial institutions trade off risk and return when forming optimal portfolios.
Financial institutions Students are introduced to the different players in financial markets today and study their role in setting prices and allocating capital. Asset managers and intermediaries are central to the financial system. They provide liquidity to market participants, facilitate financial transactions and risk-sharing and help ensure an optimal capital allocation between financial institutions, firms and households. The students will learn about asset management in financial institutions and discuss the role, impact and importance of asset managers and intermediaries for the financial system.
Analytical and quantitative skills Students will be trained in relevant econometric methods needed to carry out empirical studies and implement both theoretical and empirical models in finance using real-world financial data. Being able to handle and work with data is becoming an essential and highly valued skill, and the use of real-world data is thus a natural component of many courses on the programme and used in exercises, exams and written projects. The use of programming languages is widely adopted in the industry as well, and the use of programming languages is therefore integrated into courses and exams when relevant. Careers Upon graduation, students can take up positions in banks, investment companies, pension companies, regulatory bodies, consultancy firms, fintech and finance departments in non-financial companies.
The degree programme also provides an excellent basis for a subsequent PhD programme.
Admission Requirements
6.5+
83+
180+
Depending on your educational background and your qualifications, there are different ways to meet the admission requirements:
1. International and other qualifications
This section is relevant for you, if you have:
a Bachelor's degree or equivalent from an institution outside of Denmark or
a Bachelor's degree or equivalent from a Danish institution, which does not ensure you a 'Legal right of admission´ or 'Direct admission'.
The two sections listed below are relevant only for students with a bachelor's degree from a Danish institution:
MSc in Economics and Business Administration - Finance
Aarhus Campus, Aarhus, Denmark
24 monthsProgramme duration
10,000 EURTuition Fee/year
1Scholarships
FinanceMain Subject Area
Programme overview
Main Subject
Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Financial theory and asset pricing
Students will obtain a strong foundation in standard financial theory and learn how to apply both theoretical and empirical models to analyse financial assets such as stocks, bonds and derivatives, as well as real assets such as investment projects within the firm. The objective is to equip the students with the ability to demine the fair prices of financial and real assets using relevant asset pricing models, identify the risk premia required by investors for bearing risk and discuss their sources, and characterise how investors and financial institutions trade off risk and return when forming optimal portfolios.
Financial institutions
Students are introduced to the different players in financial markets today and study their role in setting prices and allocating capital. Asset managers and intermediaries are central to the financial system. They provide liquidity to market participants, facilitate financial transactions and risk-sharing and help ensure an optimal capital allocation between financial institutions, firms and households. The students will learn about asset management in financial institutions and discuss the role, impact and importance of asset managers and intermediaries for the financial system.
Analytical and quantitative skills
Students will be trained in relevant econometric methods needed to carry out empirical studies and implement both theoretical and empirical models in finance using real-world financial data. Being able to handle and work with data is becoming an essential and highly valued skill, and the use of real-world data is thus a natural component of many courses on the programme and used in exercises, exams and written projects. The use of programming languages is widely adopted in the industry as well, and the use of programming languages is therefore integrated into courses and exams when relevant.
Careers
Upon graduation, students can take up positions in banks, investment companies, pension companies, regulatory bodies, consultancy firms, fintech and finance departments in non-financial companies.
The degree programme also provides an excellent basis for a subsequent PhD programme.
Programme overview
Main Subject
Finance
Degree
MSc
Study Level
Masters
Study Mode
On Campus
Financial theory and asset pricing
Students will obtain a strong foundation in standard financial theory and learn how to apply both theoretical and empirical models to analyse financial assets such as stocks, bonds and derivatives, as well as real assets such as investment projects within the firm. The objective is to equip the students with the ability to demine the fair prices of financial and real assets using relevant asset pricing models, identify the risk premia required by investors for bearing risk and discuss their sources, and characterise how investors and financial institutions trade off risk and return when forming optimal portfolios.
Financial institutions
Students are introduced to the different players in financial markets today and study their role in setting prices and allocating capital. Asset managers and intermediaries are central to the financial system. They provide liquidity to market participants, facilitate financial transactions and risk-sharing and help ensure an optimal capital allocation between financial institutions, firms and households. The students will learn about asset management in financial institutions and discuss the role, impact and importance of asset managers and intermediaries for the financial system.
Analytical and quantitative skills
Students will be trained in relevant econometric methods needed to carry out empirical studies and implement both theoretical and empirical models in finance using real-world financial data. Being able to handle and work with data is becoming an essential and highly valued skill, and the use of real-world data is thus a natural component of many courses on the programme and used in exercises, exams and written projects. The use of programming languages is widely adopted in the industry as well, and the use of programming languages is therefore integrated into courses and exams when relevant.
Careers
Upon graduation, students can take up positions in banks, investment companies, pension companies, regulatory bodies, consultancy firms, fintech and finance departments in non-financial companies.
The degree programme also provides an excellent basis for a subsequent PhD programme.
Admission Requirements
1. International and other qualifications
This section is relevant for you, if you have:
The two sections listed below are relevant only for students with a bachelor's degree from a Danish institution:
2. Legal right of admission
3. Direct admission
Domestic
International
Scholarships
Danish State Scholarship
Value
100% tuition fee waiver
Deadline
15 Jan 2026
Application requirements
QS Event Attendance is NOT required
Entry requirements
You must be admitted to this school to be awarded
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